Form 4: US Foods Executive John Tonnison Acquires Shares Following Performance-Based Vesting

John Tonnison, EVP and Chief Information and Digital Officer of US Foods Holding Corp., acquired 25,373 shares of common stock on March 5, 2025, following the vesting of performance-based restricted stock units.

Summary

• On March 5, 2025, John Tonnison, an executive at US Foods Holding Corp., acquired 25,373 shares of common stock.
• This acquisition resulted from the vesting of performance-based restricted stock units granted on March 29, 2021.
• The vesting was contingent upon the achievement of pre-established performance goals by US Foods.
• Following the transaction, Tonnison directly owns 115,332 shares of US Foods Holding Corp.
• Tonnison has granted power of attorney to Martha Ha and Brett R. Schroeder to handle SEC filings related to his holdings.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The vesting of performance-based restricted stock units suggests the company met certain performance goals, which is a positive indicator. The executive's increased stake in the company aligns interests with shareholders.

Positives

• The vesting of performance-based restricted stock units suggests that US Foods achieved certain pre-established performance goals.
• Executive ownership aligns management's interests with those of shareholders.

Future Outlook

The restricted stock units will vest on March 29, 2025, subject to the reporting person's continued employment with the Issuer through the vesting date.

Industry Context

Executive stock ownership and performance-based compensation are common practices in the food service distribution industry to incentivize management and align their interests with shareholders.

Comparison to Industry Standards

• Companies like Sysco and Performance Food Group also utilize stock-based compensation to align executive incentives with company performance.
• Vesting schedules and performance metrics vary across the industry, but the general principle of rewarding executives for achieving specific goals is consistent.

Stakeholder Impact

• Shareholders may view the vesting of performance-based restricted stock units as a positive sign, indicating that the company is achieving its goals.
• Employees may be motivated by the company's success in meeting performance targets.

Key Dates